RFD Micro Electricity Co (ROCO:6883) Piotroski F-Score: 2 (As of Jul. 15, 2026) — 50% Below Median

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ROCO:6883 RFD Micro Electricity Co Ltd ROCO:6883
20 GF Score
Price NT$2.85
! 9 Warning Signs
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What is RFD Micro Electricity Co Piotroski F-Score?

RFD Micro Electricity Co ROCO:6883 +4.78% 20 Piotroski F-Score is 2 as of Jul. 15, 2026, which is 50% below its 10-year median of 4.00. GuruFocus rates ROCO:6883 with a GF Score™ of 20/100. The stock has 9 warning signs investors should review. Among 989 Semiconductors companies, RFD Micro Electricity Co ranks worse than 92.42% on this metric.

Warning Sign:

Piotroski F-Score of 2 is low, which usually implies poor business operation.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

RFD Micro Electricity Co has an F-score of 2. It is a bad or low score, which usually implies poor business operation.

The historical rank and industry rank for RFD Micro Electricity Co's Piotroski F-Score or its related term are showing as below:

ROCO:6883' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 5
Current: 2

During the past 6 years, the highest Piotroski F-Score of RFD Micro Electricity Co was 5. The lowest was 2. And the median was 4.

RFD Micro Electricity Co  (ROCO:6883) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


RFD Micro Electricity Co Piotroski F-Score Related Terms


RFD Micro Electricity Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for RFD Micro Electricity Co's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

RFD Micro Electricity Co Piotroski F-Score Chart

RFD Micro Electricity Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial N/A 4.00 5.00 3.00 2.00

RFD Micro Electricity Co Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 5.00 0.00 3.00 0.00 2.00

ROCO:6883 vs FSLR, NXT, ENPH: Piotroski F-Score Comparison

For the Solar subindustry, RFD Micro Electricity Co's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


RFD Micro Electricity Co Piotroski F-Score vs Semiconductors Industry

For the Semiconductors industry and Technology sector, RFD Micro Electricity Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where RFD Micro Electricity Co's Piotroski F-Score falls into.


ROCO:6883
20GF Score
RFD Micro Electricity Co Ltd ROCO:6883
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was NT$-243.3 Mil.
Cash Flow from Operations was NT$-565.3 Mil.
Revenue was NT$514.3 Mil.
Gross Profit was NT$-29.2 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (3129.472 + 3675.033) / 2 = NT$3402.2525 Mil.
Total Assets at the begining of this year (Dec24) was NT$3,129.5 Mil.
Long-Term Debt & Capital Lease Obligation was NT$426.2 Mil.
Total Current Assets was NT$2,392.6 Mil.
Total Current Liabilities was NT$2,338.9 Mil.
Net Income was NT$7.8 Mil.

Revenue was NT$1,170.8 Mil.
Gross Profit was NT$218.5 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (3393.147 + 3129.472) / 2 = NT$3261.3095 Mil.
Total Assets at the begining of last year (Dec23) was NT$3,393.1 Mil.
Long-Term Debt & Capital Lease Obligation was NT$199.5 Mil.
Total Current Assets was NT$1,655.7 Mil.
Total Current Liabilities was NT$2,091.5 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

RFD Micro Electricity Co's current Net Income (TTM) was -243.3. ==> Negative ==> Score 0.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

RFD Micro Electricity Co's current Cash Flow from Operations (TTM) was -565.3. ==> Negative ==> Score 0.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Dec24)
=-243.271/3129.472
=-0.07773548

ROA (Last Year)=Net Income/Total Assets (Dec23)
=7.822/3393.147
=0.00230523

RFD Micro Electricity Co's return on assets of this year was -0.07773548. RFD Micro Electricity Co's return on assets of last year was 0.00230523. ==> Last year is higher ==> Score 0.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

RFD Micro Electricity Co's current Net Income (TTM) was -243.3. RFD Micro Electricity Co's current Cash Flow from Operations (TTM) was -565.3. ==> -565.3 <= -243.3 ==> CFROA <= ROA ==> Score 0.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=426.2/3402.2525
=0.12526995

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=199.532/3261.3095
=0.06118156

RFD Micro Electricity Co's gearing of this year was 0.12526995. RFD Micro Electricity Co's gearing of last year was 0.06118156. ==> Last year is lower than this year ==> Score 0.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Dec25)=Total Current Assets/Total Current Liabilities
=2392.628/2338.895
=1.02297367

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=1655.662/2091.518
=0.79160782

RFD Micro Electricity Co's current ratio of this year was 1.02297367. RFD Micro Electricity Co's current ratio of last year was 0.79160782. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

RFD Micro Electricity Co's number of shares in issue this year was 71.354. RFD Micro Electricity Co's number of shares in issue last year was 71.644. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=-29.212/514.334
=-0.05679578

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=218.531/1170.821
=0.18664766

RFD Micro Electricity Co's gross margin of this year was -0.05679578. RFD Micro Electricity Co's gross margin of last year was 0.18664766. ==> Last year's gross margin is higher ==> Score 0.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Dec24)
=514.334/3129.472
=0.16435169

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=1170.821/3393.147
=0.34505461

RFD Micro Electricity Co's asset turnover of this year was 0.16435169. RFD Micro Electricity Co's asset turnover of last year was 0.34505461. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=0+0+0+0+0+1+1+0+0
=2

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

RFD Micro Electricity Co has an F-score of 2. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 2 mean?
RFD Micro Electricity Co (ROCO:6883) has a Piotroski F-Score of 2 as of Jul. 15, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on RFD Micro Electricity Co and its competitors. This is 50% below median its historical median of 4.00. Over the past decade, RFD Micro Electricity Co's Piotroski F-Score has ranged from 2.00 to 5.00. According to the industry distribution chart, RFD Micro Electricity Co ranks #914 out of 989 companies in the Semiconductors industry, placing it in the top 92.4%.
Is RFD Micro Electricity Co's Piotroski F-Score too high?
RFD Micro Electricity Co's current Piotroski F-Score of 2 is 50% below median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 5.00. The Semiconductors industry median Piotroski F-Score is 5.00. RFD Micro Electricity Co's value of 2 is 60% below this industry median. Based on the distribution chart, RFD Micro Electricity Co ranks #914 out of 989 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, RFD Micro Electricity Co has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does RFD Micro Electricity Co's Piotroski F-Score compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, RFD Micro Electricity Co ranks #914 out of 989 companies for Piotroski F-Score. This places RFD Micro Electricity Co in the lower half of its industry. The industry median Piotroski F-Score is 5.00. RFD Micro Electricity Co's value of 2 is 60% below this benchmark. Historically, RFD Micro Electricity Co's own Piotroski F-Score has ranged from 2.00 to 5.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, RFD Micro Electricity Co has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Piotroski F-Score for a Semiconductors company?
The median Piotroski F-Score among Semiconductors companies is 5.00, based on 989 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. RFD Micro Electricity Co's current Piotroski F-Score of 2 is 60% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on RFD Micro Electricity Co and its competitors. For the Semiconductors industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. RFD Micro Electricity Co's current Piotroski F-Score is 2, which is 50% below median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RFD Micro Electricity Co stock overvalued right now?
RFD Micro Electricity Co (ROCO:6883) has a current Piotroski F-Score of 2. The current Piotroski F-Score is 2, which is 50% below median its 10-year median of 4.00 and 60% below the Semiconductors industry median of 5.00. RFD Micro Electricity Co's overall GF Score™ is 20/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For RFD Micro Electricity Co (ROCO:6883), the current Piotroski F-Score is 2 as of Jul. 15, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

RFD Micro Electricity Co Business Description

Address Wenxing Road, 302 4th Floor, No. 100, Sec. 2, Hsinchu County, Zhubei City, TWN, 30274
RFD Micro Electricity Co Ltd is engaged in providing ESG Services. The company uses solar power plant development and energy data collection, analysis, integration, and application to develop integrated planning, construction, and operation of solar power plants.
20GF Score

Get the complete analysis for ROCO:6883

Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$2.85
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